Green-Energy Zombie Abengoa Threatens to Default 3rd Time Since Enron-Style Collapse, Blames Covid, Begs for Fresh Bailout by Nick Corbishley • May 20, 2020 • 39 Comments In the forlorn hope the world’s biggest green-energy zombie will somehow survive the oncoming storm.
What Unicorn Money-Sinkholes Actually Disrupt by Wolf Richter • May 19, 2020 • 142 Comments They have accomplished an amazing feat: losing tons of money year after year during the Good Times in what were profitable industries.
During the Last Financial Crisis, Even Ecommerce Sales Plunged. Not This Time by Wolf Richter • May 19, 2020 • 64 Comments Ecommerce Spikes to Record. Mall Stores Got Hung Out to Dry. Walmart’s Online Sales, Still Woefully Behind, Shot Up 74%
The WOLF STREET REPORT: What Unicorn Money-Sinkholes Actually Disrupted by Wolf Richter • May 17, 2020 • 218 Comments Wayfair, Zillow, Uber, Lyft, WeWork, Carvana, Tesla, Airbnb, Casper Sleep, Zume, and many others – they all have accomplished an amazing feat: losing tons money year after year during the Good Times in mundane profitable industries.
Zombie J.C. Penney Finally Files for Bankruptcy, in Deal with Distressed Debt Funds. Stock and Some Bonds Wiped Out by Wolf Richter • May 16, 2020 • 139 Comments Investors bet on this outcome for years. Covid-19 just sped it up by a few months. Department Stores Are Toast.
Here’s What Collapsed, Spiked, or Hung On in 12 Charts of Retail Sales (Yes, Department Stores Were Already Toast) by Wolf Richter • May 15, 2020 • 141 Comments Years of brick-and-mortar meltdown get compressed into a few months. But ecommerce is booming.
First the Freight Recession, Now Covid-19: Trucking & Rail Freight Collapses. Is This the Bottom? by Wolf Richter • May 13, 2020 • 55 Comments YRC, one of the largest less-than-truckload carriers, wheezes under the strain.
Airbnb Gets Disrupted. Hosts, “Super-Hosts” Try to Survive. Apartments in Prime Locations Suddenly Flood Rental Market by Nick Corbishley • May 12, 2020 • 129 Comments Big driver behind soaring rents — the “Airbnb effect” that removed countless properties from global cities’ long-term rental markets — reverses.
US Commercial Real Estate Prices Plunged in April, Mall Prices Collapsed by Wolf Richter • May 11, 2020 • 171 Comments Tenants’ collapsing one after the other without replacement has a pernicious impact on property prices.
It Gets Rough for US Airlines: Why Buffett Dumped His Airline Stocks Though There Was Blood on the Tarmac, Which Should Have Been a Buy Signal by Wolf Richter • May 10, 2020 • 155 Comments Just can’t catch a break: Friday after hours, United disclosed it abandoned its junk-bond offering after investors balked. Shares fell.
